Outcomes of Board meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved audited financial results for Q4 and FY ended March 31, 2025, with the statutory auditors issuing an unmodified (clean) opinion. The company reported a net loss of Rs. 105.15 lakhs for FY25, compared to a profit of Rs. 160.36 lakhs in FY24, with total income declining sharply from Rs. 504.71 lakhs to Rs. 304.71 lakhs. The board recommended a final dividend of Rs. 0.60 per share (6%) subject to shareholder approval. Key terms of the previously announced Rights Issue were finalized: record date of May 30, 2025, ratio of 1 rights share for every 1 share held at Rs. 10 per share, which will double the equity share count from 33.80 lakh to 67.60 lakh shares.
Shareholders face a mixed picture: a clean audit and a small dividend are positive, but the swing to a full-year net loss and sharply negative operating cash flow of Rs. 285.97 lakhs signal deteriorating core performance. The 1:1 Rights Issue at par (Rs. 10) will dilute existing shareholders by 100% unless they fully participate, though the issue price is favorable compared to typical market levels.